____ 56. Which of the following assets is not included in the computation of the quick ratio?

a.	Inventory
b.	Marketable securities
c.	Accounts receivable
d.	Cash

____ 57. A company with working capital of $400,000 and a current ratio of 2.5 pays a $75,000 short-term liability. The amount of working capital immediately after payment is

a.	$475,000
b.	$325,000
c.	$400,000
d.	$75,000

____ 58. When a corporation completes a 3-for-1 stock split

a.	the ownership interest of current stockholders is decreased
b.	the market price per share of the stock is decreased
c.	the par value per share is decreased
d.	b and c

____ 59. When a new partner is admitted, this change in the ownership of a partnership results in

a.	consolidation of the partnership
b.	liquidation of the partnership
c.	realization of the partnership
d.	dissolves the old partnership

____ 60. The journal entry a company records for the issuance of bonds when the contract rate is greater than the market rate would be

a.	debit Bonds Payable, credit Cash
b.	debit Cash and Discount on Bonds Payable, credit Bonds Payable
c.	debit Cash, credit Premium on Bonds Payable and Bonds Payable
d.	debit Cash, credit Bonds Payable

____ 61. When using the Cost Method of accounting for equity Investments, the receipt of cash dividends

a.	decreases the amount of the Dividend Revenue
b.	increases the amount of the Dividend Revenue
c.	decreases the amount of the Investment account
d.	increases the amount of the Investment account

____ 62. The required form that is to be provided to the employee as well as to the Social Security Administration each year, showing an employees earnings and taxes withheld is the

a.	Employment Withholding Allowance Certificate (Form 940)
b.	Employer's Quarterly Federal Tax Return (Form 941)
c.	Wage and Tax Statement (Form W-2)
d.	Corporate Income Tax Return (Form 1120)

____ 63. When a partnership is formed, assets contributed by the partners should be recorded on the partnership books at their

a.	book values on the partners' books prior to their being contributed to the partnership
b.	fair market value at the time of the contribution
c.	original costs to the partner contributing them
d.	assessed values for property tax purposes

Please help.